In today’s Daily Alert, Systems & Forecasts Editors Gerald and Marvin Appel recommend an ETF with lots of international exposure (especially to Asia) and little correlation to the U.S. market. The new recommendation is followed by three brief sell alerts.
Market Vectors Global Gaming (BJK)
from Systems & Forecasts
This sector ETF has been more volatile than the S&P 500 during its history. However, it has actually been more stable in August, holding its ground even as the S&P 500 has slipped. The selection is based first and foremost on relative strength, but secondarily on the non-correlation between moves in BJK and in the S&P 500.
There is significant exposure to Chinese gamblers in this ETF: Two of its top ten holdings are listed in Hong Kong, and the U.S.-listed companies (Las Vegas Sands, MGM Resorts International) have a big presence there.
Dr. Marvin Appel and Gerald Appel, Systems and Forecasts, www.systemsandforecasts.com, 800-829-6229, August 29, 2013